Malta
Answer ... Capital allowance rates may differ from depreciation in accounts and the legislation specifies the minimum number of years over which an asset can be depreciated for tax purposes.
A special regime applies for aircraft leasing, whereby depreciation recognises different useful lives for different parts of the aircraft.
Malta
Answer ... Malta Enterprise is the national economic development agency tasked with attracting foreign direct investment to Malta and promoting the growth of existing operations. The agency rolls out incentives from time to time, particularly in areas where Malta wishes to encourage growth, such as manufacturing, information and communication technologies, call centres, healthcare, pharmaceuticals, biotechnology, aviation and maritime, education and training and logistics.
These incentives allow enterprises to recover, through tax credits, part of the costs incurred for the secondment of highly qualified personnel from large undertakings and organisations involved in research and knowledge dissemination, or to benefit from tax deductions in relation to eligible investments in qualifying activities. Other schemes allow for tax credits against costs incurred directly or indirectly in carrying out an R&D project or projects relevant to the company’s trade and aimed at achieving an advancement in a field of science or technology through the resolution of scientific or technological uncertainty.